Bimbo Bakeries | 1012 S Bosch Rd
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Bimbo Bakeries 1012 S Bosch Rd
16,000 SF Industrial Building Peoria, IL 61607 $4,773,450 CAD ($298 CAD/SF) 5.53% Cap Rate
INVESTMENT HIGHLIGHTS
- 7 Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
- Dense Retail Trade Area | Nearby National & Regional Tenants | Large Parcel (162K+ SF) | Value-Add Land Opportunity Available
- Nearby Residential Communities | Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Centralized Location
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, Bimbo Bakeries investment property located in Bellevue, IL (Peoria MSA). The tenant, Bimbo Bakeries USA, Inc., has 7 years of firm term remaining with 3 (5-year) option periods left to extend, providing zero short term rollover. The lease features 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1998, Bimbo Bakeries is the largest commercial baking company in the U.S. with 59 bakeries, 700+ sales centers, and 20,000 associates. Bimbo Bakeries is also part of Grupo Bimbo, the world’s largest baking company with operations in 34 countries. The offering includes a 16,000 SF industrial building situated on a 3.73-acre lot, providing Bimbo Bakeries an ample amount of space to conduct business operations. In addition, the offering includes the adjacent parcel, an ideal value-add opportunity consisting of 2.04 acres with Industrial 1 zoning.
Bimbo Bakeries is strategically located near the signalized intersection of Airport Road and Everett McKinley Dirksen Parkway, averaging a combined 25,000+ vehicles passing by daily. The asset benefits from nearby access onto State Highway 116 (14,500 VPD) and Interstate 474 (31,500 VPD), providing efficient transportation routes to satisfy all business needs. The immediate retail corridor to home to a variety of national/credit tenants including Bellevue Friendly Tap, Kroger, O’Reilly Auto Parts, Walmart Supercenter, Target, Costco Wholesale, and others. The strong retail corridor provides employees with easy access to food and service-based retailers to accommodate their daily needs. The 5-mile trade area is supported by over 70,400 residents and 67,300 daytime employees, with a healthy average household income of $63,895.
Bimbo Bakeries is strategically located near the signalized intersection of Airport Road and Everett McKinley Dirksen Parkway, averaging a combined 25,000+ vehicles passing by daily. The asset benefits from nearby access onto State Highway 116 (14,500 VPD) and Interstate 474 (31,500 VPD), providing efficient transportation routes to satisfy all business needs. The immediate retail corridor to home to a variety of national/credit tenants including Bellevue Friendly Tap, Kroger, O’Reilly Auto Parts, Walmart Supercenter, Target, Costco Wholesale, and others. The strong retail corridor provides employees with easy access to food and service-based retailers to accommodate their daily needs. The 5-mile trade area is supported by over 70,400 residents and 67,300 daytime employees, with a healthy average household income of $63,895.
PROPERTY FACTS
| Price | $4,773,450 CAD | Lot Size | 5.77 AC |
| Price Per SF | $298 CAD | Rentable Building Area | 16,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.53% | Year Built | 2016 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Food Processing | Parking Ratio | 4.13/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 12 |
| Price | $4,773,450 CAD |
| Price Per SF | $298 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Property Type | Industrial |
| Property Subtype | Food Processing |
| Building Class | C |
| Lot Size | 5.77 AC |
| Rentable Building Area | 16,000 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Tenancy | Single |
| Parking Ratio | 4.13/1,000 SF |
| No. Dock-High Doors/Loading | 12 |
UTILITIES
- Water - City
- Sewer - City
PROPERTY TAXES
| Parcel Number | 17/14/152/013 | Improvements Assessment | $642,188 CAD |
| Land Assessment | $246,782 CAD | Total Assessment | $888,970 CAD |
PROPERTY TAXES
Parcel Number
17/14/152/013
Land Assessment
$246,782 CAD
Improvements Assessment
$642,188 CAD
Total Assessment
$888,970 CAD
ZONING
| Zoning Code | Industrial 1 - Light (Light Industrial) |
| Industrial 1 - Light (Light Industrial) |
CONTACTS
-
Tyler Isbell -
Ivy Kwon -
Matthew Mousavi -
Patrick Luther -
SRS Real Estate Partners
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Bimbo Bakeries | 1012 S Bosch Rd
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